Jeld-Wen (JELD) Lowered to “Hold” at Deutsche Bank
Jeld-Wen (NYSE:JELD) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating and issued a $46.00 target price on shares of Jeld-Wen in a report on Tuesday, January 9th. Barclays set a $44.00 target price on Jeld-Wen and gave the company a “buy” rating in a report on Monday, January 8th. Bank of America reiterated a “buy” rating and issued a $41.00 target price (down previously from $44.00) on shares of Jeld-Wen in a report on Thursday, February 22nd. Finally, Royal Bank of Canada set a $42.00 target price on Jeld-Wen and gave the company a “buy” rating in a report on Wednesday, February 14th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.00.
Jeld-Wen stock opened at $33.29 on Thursday. Jeld-Wen has a fifty-two week low of $27.61 and a fifty-two week high of $42.27. The firm has a market capitalization of $3,539.06, a price-to-earnings ratio of -832.25, a P/E/G ratio of 1.08 and a beta of 2.76. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.98 and a quick ratio of 1.28.
In related news, Director Patrick Wright Tolbert acquired 2,860 shares of Jeld-Wen stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $30.88 per share, for a total transaction of $88,316.80. Following the completion of the purchase, the director now directly owns 4,343 shares in the company, valued at approximately $134,111.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Roderick Wendt sold 30,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $32.17, for a total value of $965,100.00. The disclosure for this sale can be found here.
Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new position in shares of Jeld-Wen in the fourth quarter worth about $4,318,000. Peregrine Capital Management LLC lifted its stake in shares of Jeld-Wen by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after acquiring an additional 2,826 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Jeld-Wen in the third quarter worth about $579,000. Rhumbline Advisers lifted its stake in shares of Jeld-Wen by 118.2% in the third quarter. Rhumbline Advisers now owns 57,984 shares of the company’s stock worth $2,060,000 after acquiring an additional 31,416 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in shares of Jeld-Wen by 21.1% in the fourth quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock worth $187,243,000 after acquiring an additional 829,539 shares in the last quarter. Institutional investors and hedge funds own 53.83% of the company’s stock.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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